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Home > News > Industry News > Samsung plans $161 billion inv.....

Samsung plans $161 billion investment

  • Author:Ella Cai
  • Release on:2018-08-09
Samsung is to invest $161 billion over the next three years to create 40,000 new jobs and boost the Korean economy.

The company’s vice chairman, Jay Y Lee, recently released from jail, has been in talks with the Korean government about ways to boost the Korean economy.

Three quarters of the money  will be spent domestically. It is said that Samsung’s investment could lead to the creation of 700,000 new jobs across Korea.

Thanks to the memory market, Samsung is flush with cash.

The investment is to go partly into memory production and also into AI, 5G, bio-pharma and displays.